The bill amends Section 16-7.2-6 of the General Laws under "The Education Equity and Property Tax Relief Act" to establish a new requirement that, effective with the fiscal year 2026 budget, the General Assembly shall ensure that transportation categorical funds between the state and regional school districts are fully funded. This provision aims to protect the interests of regional school districts and advance their educational missions.

The bill also includes language that specifies the funding must be in an amount equal to what is both intended and provided for under this subsection. Additionally, it outlines various categories for state funding, including excess costs for special education, career and technical education, pre-kindergarten programs, and transportation costs for students attending out-of-district non-public schools. The bill establishes a stabilization fund for specific schools and provides for a regionalization bonus for eligible school districts, emphasizing the need for equitable funding distribution to support educational initiatives that address the unique needs of various districts.

Statutes affected:
5201: 16-7.2-6